The instrument's own words
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Know all men by these presents that I Oliver R. Clarke of Westerly in the state of Rhode Island etc in consideration of the sum of One thousand dollars
to be paid by the Westerly Savings Bank of Westerly in Rhode Island etc have
and sell to the said Savings Bank their successors and assigns a certain tract
or parcel of land situated in said town which with all the buildings and
improvements thereon standing and is bounded and described as follows,
Northerly by land of Margaret & Thomas Banks and to his home of Samuel S. Stanton
Easterly by land of Samuel Browning then southerly by the salt pond and
Westerly by land of Samuel B. Thovey
To have and to hold the said grant and bargain premises with the
privileges and appurtenances thereunto to the said Westerly Savings Bank their
successors and assigns forever and I do hereby warrant with the said
Savings Bank that the above granted premises are free from all incumbrances and
that I will warrant and defend the same to the said Savings Bank their
successors and assigns against the lawful claims and demands of all persons
And I Anna B. Clarke wife of the said Oliver R. Clarke in
consideration of the sum aforesaid to hereby release and forever release and forever
quitclaim to the said Savings Bank their successors and assigns all right
of mine and to the aforementioned premises.
The conditions of this deed is such that whereas the said Oliver R. Clarke
has executed his presentable promissory note with interest upon said note with
made payable to the said savings Bank or order six months after date for
the sum of One thousand dollars which note is to be renewed from time
to time in the same or the above amount the same or a part thereof
Now therefore if the said Oliver R. Clarke or any other person for me
shall pay said note and all rentals of the same at maturity according to the
tenor thereof this deed shall be void whereas shall remain in full force
Furthermore I the said Oliver R. Clarke do hereby appoint Oliver R. Thovey
Treasurer of said Savings Bank or his successors in office after my lifetime
irrevocably with the full power of substitution and succession to sell in full
satisfaction of the premises at any time after said note or note shall become
due and remain unpaid for the space of ten days first giving notice thereof
for at least three weeks in some public newspaper published in his town
of Westerly And upon such deed sale shall in my name or in his name or his
executes good and sufficient deed of sale of said premises with the usual
covenant of warranty so as to vest in the purchaser or purchasers an estate
in fee simple on the premises and may collect and secure from the purchase money
and from the paying of the costs and expenses of such sale and all other money
due from me to said Savings Bank to pay the residue to me or my heirs and
assigns hereby ratifying all things which may be legally done by my said Attorney
for the purposes aforesaid
Furthermore I the said grantor do hereby covenant with the said
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490 Savings Bank, that insurance against loss by fire shall be kept and maintained up
the buildings on the premises aforesaid, at such office or offices as shall be approved by a
sum not less than one thousand dollars and the assessments thereon duly paid,
until the policy or policies of such insurance shall be assigned and transferred to the
said Savings Bank as collateral security, hereby agree
that the said Savings Bank may effect such insurance, and the premiums on premises
paid thereon shall be a further lien upon said estate.
In Testimony whereof we here donate set our hands and seals this 1st day of
September in the year of our Lord one thousand eight hundred and seventy nine
Signed sealed and delivered
in presence of Oliver D. Clarke L.S.
Saml H. Cross
Anna B. Clarke L.S.
State of Rhode Island gy
Washington S.S.
On Monday this 1st day of September A.D. 1879 Oliver D.
Clarke & Anna B. Clarke his wife personally appeared before me and acknowledged
the written instrument by them signed to be their free and voluntary act and deed
Saml H. Cross Town Clerk
Present for Record Sept 1st 1879
at 11 o'clock A.M and recorded by
S. Charles Cross Town Clerk